Research shows used prices slipped while volume rose last month


Preliminary used Class 8 volumes via same dealer sales increased 6 percent month over month in January, ACT Research announced Friday in its recent State of the Industry: U.S. Classes 3-8 Used Trucks report.

ACT says volume was down 4 percent compared to January 2019.

Other data released in ACT’s preliminary report included month-over-month comparisons for January 2020, which showed that average used truck prices dropped 2 percent, while average miles and age were unchanged from the last month of 2019, the company says.

“Average price marked a fifth consecutive year-over-year loss, falling 13 percent in January, while average miles were flat short-term but 1 percent higher compared to January of 2019, keeping some pressure on values,” says Steve Tam, vice president, ACT Research. “Average age also remained flat at 84 months, which was 2 percent lower compared to the previous January.”

Tam adds the retail market channel declined in all three time comparisons, down 1 percent compared to the prior month and 4 percent year over year. He says the auction channel saw a short-term improvement, rising 21 percent month-over-month. “The wholesale market improved for the second straight month, jumping 26 percent from December 2019’s 11 percent gain,” he adds.

Learn how to move your used trucks faster
With unsold used inventory depreciating at a rate of more than 2% monthly, efficient inventory turnover is a must for dealers. Download this eBook to access proven strategies for selling used trucks faster.
Used Truck Guide Cover